Due to tightening mortgages, renting housing is becoming more expensive – Rossiyskaya Gazeta

Demand for long-term apartment rentals in Russia has increased by 10% since the beginning of the year and prices by 9%, Avito Real Estate reports. On average across the country, prices for rental housing have increased from 23 to 25 thousand rubles. Rent for large apartments with four rooms or more has become cheaper than a year ago – by 2%. And the most noticeable price increase occurred in “kopeck” apartments – 20%.

Housing rental prices fell in only three of the 33 cities studied: in Kaliningrad by 9%, in Sevastopol by 4% and in Saint Petersburg by 3%. In Simferopol, Moscow and Sochi prices have not changed since the beginning of the year. The last two cities remain the most expensive: renting an apartment in them costs 60-40 thousand rubles. per month accordingly. The cheapest places to rent housing are Bryansk and Kirov, for an average of 13 thousand rubles.

Demand for rentals has increased in almost all cities (the most notable increase in Novosibirsk, by 29%), while supply has decreased almost everywhere (the most difficult place to find a suitable apartment has been Volgograd, where it has decreased the number of options by 20% during the year). The only exceptions were Moscow, Yekaterinburg and Tyumen, where the number of properties available for rent increased by 6%, 5% and 1%, respectively.

According to the World of Apartments portal, in the 11 months of this year rental prices increased in almost all large cities (70 settlements were studied). Only “odnushki” “sunk” slightly in Chita, and “three rubles” – in Grozny and Tver. On average, since the beginning of the year, prices for one-bedroom apartments have increased by 18.8%, two-bedroom apartments by 18.2% and three-bedroom apartments by 14.1%.

Demand for rental apartments is growing because the availability of mortgages has decreased, says Konstantin Kamenev, head of the long-term rental category at Avito Real Estate. Those who wanted to buy an apartment were forced to switch to the rental market. Prices are also affected by the volatility of the ruble exchange rate. The monthly rental payment is almost twice as much as in the case of mortgage programs (with the exception of preferential ones), explains Pavel Lutsenko, general director of the “World of Apartments” portal. The deployment of defense production in industrial cities, where workers flock to rent housing, also played a role.

Rental prices are also increasing due to the renovation of the housing stock, says Yulia Dymova, director of the secondary real estate sales office of Est-a-Tet. The exhibition includes apartments in newly built buildings, with recent renovations, landscaped local areas and developed infrastructure nearby. Their hiring rates are higher. “It is profitable to buy one-bedroom apartments in comfort class and two-bedroom Euro apartments in business class for rent,” says the expert.